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Author: Admin | 2025-04-28
Estcoin. The financial services sector in the country also showcases better support for using cryptocurrencies, with Estonian LHV Bank serving as the first example of the adoption of blockchain technology. 9. SwitzerlandThe low-tax, high-privacy banking system in Switzerland has earned a distinctive reputation for the country worldwide. Switzerland has also adopted a strategic approach to embracing crypto through relaxed regulations tailored for crypto investors and companies. It is also one country that allows cryptocurrency usage with the maximum tax benefits on cryptocurrencies. The notable highlight of Switzerland concerning crypto regulations would be the adoption of Bitcoin as a legal tender. Furthermore, Switzerland also features an exclusive crypto mining industry, which offers a viable opportunity for many crypto startups.10. PortugalThe final addition among countries adopting cryptocurrencies would refer to Portugal. It is the most reliable tax haven for cryptocurrencies without any capital gains tax for professional traders. Besides the freedom from crypto taxes, Portugal has also introduced favorable and progressive legislation encouraging crypto adoption. For example, the 2020 Digital Transitional Action Plan focuses on attracting investors from all over the world. Another example of the welcoming environment in Portugal for crypto companies would be the Golden Visa program. Therefore, non-EU residents can also find residency permits for the country and enjoy tax benefits on cryptocurrencies. Embrace the technological leap and global adoption that awaits in the upcoming bull run of 2024-2025 with Crypto Bull Run Ready Career Path.Bottom LineThe detailed illustration of countries that accept cryptocurrencies or crypto regulations shows the value of regulations in the crypto landscape. As the impact of cryptocurrencies grows stronger with multiple value-based benefits and utilities, governments are thinking of new ways to adopt crypto. However, the cryptocurrency legal country list also sheds light on certain limitations which need immediate answers. For example, most of the
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